IL&FS crisis may lead to consolidation in NBFC sector: Fitch – ET Auto

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IL&FS Crisis May Lead to Consolidation in nbfc sector: fitch Ratings Non-banking financial companies (nbfcs) are commonly referred to as the shadow banking sector.

The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking.

Read more about As SFIO runs interference with RBI, central bank may reject claims (IANS Exclusive) on Business Standard. Even as the IL&FS scandal blows up in our face, the overarching probe by SFIO at the behest of Ministry of Corporate Affairs reveals startling facts about the deep-set malaise in the shadow bank.

The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking. Non-banking financial

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The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector.

Modi’s win to push reforms, but these economic challenges must be tackled, no matter who wins polls World’s top 10 fastest growing cities are all from India; check which cities made it to Oxford list.

What does the audit of IL&FS reveal?#BusinessTit-Bits ALSO READ: IL&FS crisis may lead to consolidation in NBFC sector: Fitch Ratings In October last year, the NCLAT had placed a moratorium on any action by the IL&FS or its group companies’ lenders.

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